Warning: How many of you Bears have ever been a victim of a Short Squeeze?

[cypherdoc]

Ehm what makes you think bitcoin is even remotely connected to the world of big finances & indices?
Can you put up a chart showing correlation?

i'm not even going to bother explaining this.

Ok suit yourself.

Yeah, he's just like Herman Cain: "I don't have any evidence to support this, but..."

"....HAHAHAHAHAH YOUR SHORT POSITION, HOHOHAOHAHOTNHAUNTSH:SEIAOSETNIHSA."

Fact is, after 3 months of up uP UP!, the speculation gods have given them stagnation. It's about all they can jump on, evidence wise. I do want to see him cry his eyeballs out, but I'm realistic; I'll be just as happy watching cypher_doc's post count drop to zero during the next big tank.

BitMagic =

[1715026405]

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[1715026405]

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[BitMagic]

Ehm what makes you think bitcoin is even remotely connected to the world of big finances & indices?
Can you put up a chart showing correlation?

i'm not even going to bother explaining this.

Ok suit yourself.

Yeah, he's just like Herman Cain: "I don't have any evidence to support this, but..."

"....HAHAHAHAHAH YOUR SHORT POSITION, HOHOHAOHAHOTNHAUNTSH:SEIAOSETNIHSA."

Fact is, after 3 months of up uP UP!, the speculation gods have given them stagnation. It's about all they can jump on, evidence wise. I do want to see him cry his eyeballs out, but I'm realistic; I'll be just as happy watching cypher_doc's post count drop to zero during the next big tank.

Hahahaha, I hope you've liquidated your short position, Cypher_doc. Price is going up uP UP!

[cypherdoc]

Ehm what makes you think bitcoin is even remotely connected to the world of big finances & indices?
Can you put up a chart showing correlation?

i'm not even going to bother explaining this.

Ok suit yourself.

Yeah, he's just like Herman Cain: "I don't have any evidence to support this, but..."

"....HAHAHAHAHAH YOUR SHORT POSITION, HOHOHAOHAHOTNHAUNTSH:SEIAOSETNIHSA."

Fact is, after 3 months of up uP UP!, the speculation gods have given them stagnation. It's about all they can jump on, evidence wise. I do want to see him cry his eyeballs out, but I'm realistic; I'll be just as happy watching cypher_doc's post count drop to zero during the next big tank.

Hahahaha, I hope you've liquidated your short position, Cypher_doc. Price is going up uP UP!

Dude; seriously, you need some help.

[Serge]

3.20 seems to be a comfort zone (for now), enough support on both sides, I wouldn't mind seeing BTC in a range of 3.10-3.30 for next half a year or so before next big rise kicks in =)

[damnek]

3.20 seems to be a comfort zone (for now), enough support on both sides, I wouldn't mind seeing BTC in a range of 3.10-3.30 for next half a year or so before next big rise kicks in =)

The odds of that happening are smaller than btc value >$50 or <$1 within that half a year 

[trogdorjw73]

Put me in the bear club as well for the time being. We've had an upward trend since mid-October, but even with that trend we're still looking a bit high right now. If price goes up to anywhere close to $4/BTC, there are a lot of miners who have been stocking up that will decide to cash out while they're still making a profit. And if we were to really take off again, I wouldn't mind as I could just start mining again myself. Until we get a drop in the 50 BTC bonus per block found, I don't see BTC ever maintaining a price above $4/BTC.

[BitMagic]

Dude; seriously, you need some help.

Dude; seriously, you should liquidate your short position before you get zhoutonged. Dude.

[cypherdoc]

Dude; seriously, you need some help.

Dude; seriously, you should liquidate your short position before you get zhoutonged. Dude.

nice try on the change in strategy (deception).  sorry, i haven't and won't sell/short a Bitcoin for at least 10 yrs.

BitMagic =

[ElectricMucus]

won't sell/short a Bitcoin for at least 10 yrs.

I put this quote up just to nail you on that 

[cypherdoc]

won't sell/short a Bitcoin for at least 10 yrs.

I put this quote up just to nail you on that 

well, i suppose if it hits $1000 in 5 yrs, i'd have to reconsider 

[ElectricMucus]

won't sell/short a Bitcoin for at least 10 yrs.

I put this quote up just to nail you on that  

well, i suppose if it hits $1000 in 5 yrs, i'd have to reconsider  

No you wont.

At 0.001 BTC a USD it would be practically worthless. You would be busy grieving about food and about that gold you once had...

[cypherdoc]

won't sell/short a Bitcoin for at least 10 yrs.

I put this quote up just to nail you on that  

well, i suppose if it hits $1000 in 5 yrs, i'd have to reconsider  

No you wont.

At 0.001 BTC a USD it would be practically worthless. You would be busy grieving about food and about that gold you once had...

nah, gold will never reach the status and price you hope it will.  come on over to my gold thread for an in depth discussion of why.

https://bitcointalk.org/index.php?topic=35956.0

[tvbcof]

nah, gold will never reach the status and price you hope it will.  come on over to my gold thread for an in depth discussion of why.

https://bitcointalk.org/index.php?topic=35956.0

Thread is to long and tedious, but I'm betting that you end up being wrong, and possibly amazingly so.

I see Bitcoin mostly as a currency (means of transferring value) and not so much as a 'store of value' although given the inflationary aspects of Bitcoin, I would not rule out it serving reasonable well in that capacity.  One of the biggest draws of Bitcoin to me is that it offers the ability to more conveniently move value around.  Gold, OTOH, is a true store of value in my book, and a bigger interest of mine than is Bitcoin.  I got into gold earlier than you it sounds like, and unlike you, I'm not even close to bailing (which I will do in a heartbeat when if/when I sense that the time is right.)

I may part with an once or two of gold (or some silver) in trade for BTC, but only if/when the conditions are extremely favorable to me.  That most likely means finding someone who happens to have a lot of BTC and no reasonable way to convert it other than a face-to-face meeting.  Like if the exchanges lock up for instance.

[notme]

nah, gold will never reach the status and price you hope it will.  come on over to my gold thread for an in depth discussion of why.

https://bitcointalk.org/index.php?topic=35956.0

Thread is to long and tedious, but I'm betting that you end up being wrong, and possibly amazingly so.

I see Bitcoin mostly as a currency (means of transferring value) and not so much as a 'store of value' although given the inflationary aspects of Bitcoin, I would not rule out it serving reasonable well in that capacity.  One of the biggest draws of Bitcoin to me is that it offers the ability to more conveniently move value around.  Gold, OTOH, is a true store of value in my book, and a bigger interest of mine than is Bitcoin.  I got into gold earlier than you it sounds like, and unlike you, I'm not even close to bailing (which I will do in a heartbeat when if/when I sense that the time is right.)

I may part with an once or two of gold (or some silver) in trade for BTC, but only if/when the conditions are extremely favorable to me.  That most likely means finding someone who happens to have a lot of BTC and no reasonable way to convert it other than a face-to-face meeting.  Like if the exchanges lock up for instance.

I would really like to see a bitcoin-gold p2p exchange.  Even biddingpond could be used for this.  We just need an active community of people who trade little bits of gold (small denominations), then we can easily convert between gold and bitcoins in small volumes.  Small volumes are more useful for everyday purchases.  We can then offer to pay people in gold.  I don't have any disposable USD, but I do have enough bitcoins to buy few grams at spot.  coinabul wants a $100 premium on 2.5g.

[BitMagic]

Dude; seriously, you need some help.

Dude; seriously, you should liquidate your short position before you get zhoutonged. Dude.

nice try on the change in strategy (deception).  sorry, i haven't and won't sell/short a Bitcoin for at least 10 yrs.

The strategy is not deception, it's just reminding you and everyone else that claiming something doesn't make it true. (I have no short positions, so you can give up with that silly claim).

But you knew that, you just like to look like a fool, I think.

[cypherdoc]

massive shift in bids across the mountain towards price.  lotsa buyers.

keep shorting into it please.

[cypherdoc]

VIX fear gauge just missed getting under 30 but should by the end of the day or Monday. 

Then let the ramp begin!

[ElectricMucus]

cypherdoc =

[cypherdoc]

cypherdoc =

LOL!  thats pretty funny. 

ElectricMucus: "please give me coins @$0.01!"

[BTCcommodities]

I would really like to see a bitcoin-gold p2p exchange.  Even biddingpond could be used for this.  We just need an active community of people who trade little bits of gold (small denominations), then we can easily convert between gold and bitcoins in small volumes.  Small volumes are more useful for everyday purchases.  We can then offer to pay people in gold.  I don't have any disposable USD, but I do have enough bitcoins to buy few grams at spot.  coinabul wants a $100 premium on 2.5g.

Since for me as a merchant, BitCoins are mostly a way to move money, I don't have much to chime in discussion-wise. But if you'd like to buy smallish amounts of valuables, why don't you give me a try: BitCoinCommodities.com



Also: every one of you is probably right - it's just a  matter of time :-D